George Soros invests $200 million in Facebook...

Billionaire George Soros has slurped up $212m (£135m) of Facebook shares, while simultaneously shedding $365m (£233m) of stock in Chinese giant Alibaba.

Last quarter, Soros had just $10.2m (£6.5m) in Facebook shares and $370m (£236m) invested in the Chinese tat bazaar.

The shift in stock preferences was revealed in a regulatory filing for Soros Fund Management last week.

[link to www.theregister.co.uk]